Under the gold standard,_____.

A) a nation's currency was traded for gold at a fixed rate
B) a nation's central bank or monetary authority had absolute control over its money supply
C) new discoveries of gold had no effect on money supply or prices
D) prices were constant globally
E) all international transactions were financed with gold

The country of Glassen has experienced an expansionary gap for the last three years.The advocates of passive policy are likely to suggest a policy which causes _____.

A) the short-run aggregate supply to shift to the left.
B) the short-run aggregate supply to shift to the right.
C) rising prices to shift the aggregate demand to the left.
D) wages to fall relatively quickly.
E) aggregate demand to shift to the right as wages increase.

Symons Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $2,500. The market price of common stock at the end of Year 2 was $2.01 per share.The company's earnings per share for Year 2 is closest to:

A) $0.53 per share
B) $11.54 per share
C) $0.19 per share
D) $0.27 per share

The time value of money concept:

A) Means that a dollar today is worth less than a dollar tomorrow.
B) Means that a dollar tomorrow is worth more than a dollar today.
C) Means that a dollar today is worth more than a dollar tomorrow.
D) Means that "Time is money."
E) Does not involve the concept of compound interest.

When unemployment levels are low, employers may need to use more sources of recruitment.

Even though a person promises to hold an offer open for a specified period of time, the offeror can revoke that offer before that time if he feels like it.